House Resolution 59

A RESOLUTION REQUESTING THAT THE CONGRESSIONAL DELEGATION OF
THE STATE OF MISSISSIPPI WORK TO PASS SOCIAL SECURITY PERSONAL RETIREMENT
ACCOUNTS.

WHEREAS, demographic changes and cost
increases will drain the existing social security system; and

WHEREAS, without significant changes to the
system, costs will exceed revenues starting in 2018 and the system will not be
able to pay any benefits by 2042; and

WHEREAS, not reforming the system will
require a 50 percent tax increase on every working American or a 30 percent
benefit cut; and

WHEREAS, allowing younger workers to invest
a portion of their income in personal retirement accounts will keep the social
security system solvent; and

WHEREAS, allowing younger workers to invest
a portion of their income in personal retirement accounts will avoid any
benefits cut and/or tax increases; and

WHEREAS, allowing younger workers to invest
a portion of their income in personal retirement accounts will provide
additional savings to younger workers for greater retirement security:

NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE
OF REPRESENTATIVES OF THE STATE OF MISSISSIPPI, That the House of
Representatives requests that our elected representatives and senators in the
United States Congress support no increases in payroll taxes, no cuts to social
security benefits and optional social security personal retirement accounts.

BE IT FURTHER RESOLVED, That copies of this
resolution be furnished to Mississippi's Congressional Delegation and to the
members of the Capitol Press Corps.